Honda Motor Co. Ltd. is a reputed auto manufacturing brand which is well known for delivering one of the best vehicles in the Indian market. The company distributes automobiles, motorcycles, power products and offers finances for selling these products. The company has gained a high reputation because of its variety of products in the market. Not only the cars of the brand are popular among masses, but the two wheelers have contributed to the huge sales of the company. The company has manufacturing plants in several places, but the principal places among them are India, China, Thailand, Argentina, Vietnam, Brazil, Turkey, USA, Mexico, Canada and UK.
The goals and strategies of the company Honda are clear and straightforward. The CEO and the other managerial executives define the path and works accordingly. The business segments of the company are automobiles, motorcycles, financial services and power products. These segments together have made the company huge and thus the spread of the company is worldwide. The major part in making the Honda successful brand in the auto industry and maintaining its image is done by the CEO, Yoshiyuki Matsumoto. Mr. Matsumoto handles the charge of vice president and the managing officer too and performs brilliantly in the industry. To look after the global spread and handle the work pressure, the company has chosen Mr. Yoshiyuki Matsumoto as a CEO to take care of all the important decisions that are to be taken in the company. He will be handling lots of responsibilities which include planning and developing designs for new vehicles in Asia which includes India as well. In the coming five years, the Honda will be a huge competitor for the other brands dealing in the similar industry. The list of new products includes sedans and utility vehicles in diesel variant. With this new category, Honda will take a tremendous hold in the auto industry.
The Honda manufactures huge range of products which includes motorcycles. The range of the motorcycles comes from 50 cubic cm to 1800 cubic cm. The automobiles by Honda are fixed with gasoline engines for 3, 4 and 6 cylinder, diesel engine and hybrid of gasoline-electric engine.
The financial services offered by the company are not limited, the customers and dealers get the maximum use of these services. The power products by the company include power tillers as well as portable generators. The Honda Motor Company has announced the investment of around 2, 500 crore for setting up a diesel engine developing plant in Rajasthan to double the capacity of manufacturing the vehicles i.e. 240, 000 units every year in India. Mr. Matsumoto is a talented person and is working with the company from number of years. He is not an in-charge of one department but has worked in several departments which include R&D and production too.
In the year 2006, he was the handled with the responsibility for products and operations, later he was appointed as an operating officer. In Japan, 2009, he was honored as a general manager of the big giant in auto industry, HMC. For the segment of sub-compact vehicles operations, he was assigned as an executive in 2011 and in 2012 Mr. Matsumoto became the managing officer of HMC.